Embodied robotics faces a coming winter: funding cools and multiple companies collapse

The Chaoyong AI editorial team argues that the embodied intelligence industry is entering a period of capital contraction: the first half of October saw 19 funding rounds totaling 4.934 billion yuan, far below August's 91 rounds and 31.323 billion yuan. The article cites cases including Nanjing Wujing Dynamics suspending work and owing wages, a creditors' meeting at Yinghe Robotics, and bankruptcy liquidation at DeepBlue Robotics, and notes that Unitree's prospectus shows research and education accounted for 73.6% of humanoid robot revenue, while revenue actually used in scenarios such as intelligent manufacturing was only 2.64%. The authors argue that money is concentrating in the leading players, the industry has begun to squeeze out excess, and robots have yet to enter real production scenarios at scale.